The CEO of Singularity Finance joins the round table on the regulation of cryptography and innovation of the AI

Cloris Chen – CEO of Singularity Finance – participated in a round table to discuss the future of cryptocurrency regulations, digital asset tax and AI financial innovation.

American senators Cynthia Lummis, Tim Scott, Bernie Moreno, Bill Hagerty and Marsha Blackburn also attended Reunion.

The goal of the event

According to a document shared with CryptopoteSenator Marsha Blackburn and Andrew Gordon organized the discussion. The latter is a lawyer and a certified public accountant with a vast experience of cryptographic regulatory compliance.

“For too long, the federal government had its foot on the neck of the cryptographic industry. I have spent years helping individuals and companies navigating the tax system, only to see the innovation pushed to offshore due to unclear and restrictive policies.

It’s not like that. The crypto is not only Wall Street – it begins with Main Street, with the manufacturers, developers and entrepreneurs who lay the foundations for future economy. We have a real opportunity to make changes, and we have to make our part – educate, vote and defend policies that allow innovation to prosper in America, “said Gordon as part of his speech.

The senators who participated in the event shared updates on the next legislation with an impact on the cryptocurrency sector. Senator Tim Scott has discussed a stable bill, which is expected to spend in the next 100 days.

Senator Cynthia Lummis (known as an ardent defender of Bitcoin) said that the proposed regulatory framework will guarantee that the rewards of exploitation and jealization are not taxed until they are sold. In addition, the legislation aims to eliminate the impracticable broker rule and establish an exemption of $ 600 for small cryptographic transactions, which facilitates compliance for daily users.

Lummis also highlighted the bill on the structure of the market, built on the Lummis-Gillibrand framework. It aims to clarify regulatory uncertainties by providing clear directives for industry. It refines the Howey test to ensure that assets classified as raw materials or titles retain their status without sudden or arbitrary changes.

Chen is the point of view of the question

The CEO of Singularity Finance underlined the challenges faced by real tokenized assets (RWAS) under existing American regulations. She stressed the importance of establishing a clearer framework to integrate them into the financial system while avoiding too heavy compliance requirements.

“The United States must have a clearer framework on the security definition and establish a rationalized process to remain competitive. Our tokenized IA assets and our cash bills cannot be offered to American investors because they may be classified as titles, which would require the registration of the dry.

Given the complexity and unclear regulations, this process is both long and expensive, which makes it economically impracticable to serve American investors. It is not only a business-it is a question of ensuring that the United States is not delay in the world change towards tokenized finance and improved by AI, “she said .